Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Letšeng to go underground by 2025

18 march 2016
Letšeng mine, which is 70 percent-owned by Gem Diamonds is set to go underground by 2025, a company official has revealed.
Gem Diamonds long-term planning engineer Alfred Madowe told a diamonds conference in Gaborone, Botswana that a conceptual study on the underground mine had been conducted.
“We are looking at going underground,” he said.
“In fact a conceptual study was done to establish when we will likely go underground. That will be around 2025 and we still have a lot of time.”
Gem Diamonds opened Botswana’s first underground mine in 2014.
Letšeng, with a resource of 5 million carats as of 2014, was said to be the highest average dollar per carat kimberlite diamond mine in the world.
“We have the highest dollar per carat diamonds in the world, Karowe guys don’t get twisted,” Madowe said in a jest.
Lucara’s Karowe mine in Botswana produced the world’s second largest diamond last year.
However, Letšeng yields only a small percentage of diamonds less than two millimeters.
Its annual production rose from 55 000 carats in 2006 to 108 569 in 2014, with a peak of 114 350 carats produced in 2012.

Mathew Nyaungwa, Editor in Chief of the African Bureau from Gaborone, Botswana, Rough&Polished